66 Summer Street

Stamford, CT

Centrally located at 66 Summer Street in the heart of downtown Stamford, Trinity’s Park Square West Phase II project is a mixed-use development that fulfills the City of Stamford’s and the Stamford Urban Redevelopment Corporation’s (URC) long-standing desire to revitalize an Urban Renewal Area project that had remained dormant for years due to litigation. Trinity successfully collaborated with municipal administrators and stakeholders, obtaining the necessary land use, zoning, finance, city, and URC approvals in record time. This enabled the company to acquire the development rights from the previously designated developer and proceed to financial closing and construction.

The project consists of 209 luxury apartment units in a 15-story structure and features first-rate amenities, including a resident lounge, community room, fitness center, rooftop deck, and 6,800 square feet of retail space at street level. A five-story structured parking garage is being built adjacent to the site to accommodate residents. Trinity raised $66 million in financing from TD Bank, The Davis Companies, the City, and the URC, as well as additional private equity.

The immediate neighborhood, which boasts lively retail and active entertainment establishments within walking distance, attracts a diverse population—from students attending the nearby University of Connecticut’s Stamford Campus to empty nesters and working professionals opting for an alternative to New York. The site is a 10-minute walk from the Stamford Transportation Center, where commuters can connect to Manhattan via a 45-minute train ride.

View 66 Summer Street Website

Type
Market-Rate, Mixed-Use

Total Development Cost
$73 Million

Units
209 / Market-Rate / Retail: 6,800 SF

Completed
2015